The U.S. Federal Reserve tightened monetary policy for the first time in more than three years on Wednesday.
In a nearly-universally anticipated move, the central bank lifted its benchmark fed funds rate range by 25 basis points to 3.75%-4%.
The vote to hike rates was unanimous, and the “dots” signal an expectation for one more rate hike in 2026.
“Economic activity is expanding at a solid pace,” said the FOMC in its policy statement. “While uncertainty remains elevated owing, in part, to geopolitical developments, domestic spending has been resilient … Inflation remains elevated. Today's policy action will support a timelier return to the Committee's 2 percent goal. The Committee will deliver price stability.”
Bitcoin is volatile in the moments following the decision, but currently little changed from prior to the news at $75,700. U.S stocks continue modestly higher and bond yields slightly lower.
Fed Chair Kevin Warsh’s post-meeting press conference begins at 2:30 pm ET.
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Source
This article is syndicated for educational reading. For the latest updates, visit the original publisher.
Read on coindesk.com
